Brief: WCM Announces Disposal Of Retail Properties

WCM Beteiligungs und Grundbesitz AG

29/06/2020 01:20

June 28 (Reuters) - WCM Beteiligungs und Grundbesitz AG  WCMKk.DE :
    * DGAP-ADHOC: WCM ANNOUNCES DISPOSAL OF RETAIL PROPERTIES
    * AGREED WITH INVESTOR FOR DISPOSAL OF RETAIL PROPERTY PORTFOLIO LOCATED IN VARIOUS
LOCATIONS
ACROSS GERMANY
    * DISPOSAL OF RETAIL PROPERTY PORTFOLIO LOCATED IN LOCATIONS ACROSS GERMANY FOR SALE PRICE
OF
APPROX. EUR 28 MILLION
    * SALE OF RETAIL PROPERTY PORTFOLIO FOR ABOUT EUR 90 MILLION, BUYER HAS DISCRETIONARY
RESCISSION
RIGHT UNTIL AUGUST 31
    * SALE OF PORTFOLIO IS ABOVE BOOK VALUE
    * SALE IS IN LINE WITH CO'S STRATEGY TO INCREASE FOCUS ON OFFICE ASSET TYPE AND PURSUE
DISPOSALS
OF NON-CORE ASSETS

Source text for Eikon:  ID:nEQ26rZfla 
Further company coverage:  WCMKk.DE 

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